Japan’s Business Failures in June 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 806 bankruptcies, marking the first year-on-year increase in two months and the highest number this year.
Liabilities totaled 126,438 million yen, the first year-on-year increase in two months.
|Last Year same month
||126,438 million yen
|Last Year same month
||80,371 million yen
Highlight and Outstanding Feature
- ■There were 806 bankruptcies (up 9.8% year-on-year), marking a year-on-year increase for the first time in two months and the highest number this year.
- ■Liabilities totaled 126,438 million yen (up 57.3% year-on-year), marking the first year-on-year increase in two months.
- ■The largest amount of liabilities was posted by White Bear Family Co., Ltd. (Osaka, Civil Rehabilitation Act) with liabilities of approximately 27,800 million yen, the largest bankruptcy this year.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. Among them, the wholesale industry (105 bankruptcies, up 25.0% year-on-year) saw an increase in bankruptcies of companies involved in wholesale of clothing/textile products and wood/construction materials. In the retail industry (193 bankruptcies, up 19.9% year-on-year), the number of bankruptcies of restaurants (90 bankruptcies) marked a year-on-year increase of 60.7%. In the service industry (205 bankruptcies, up 22.8% year-on-year), as a figure for June, bankruptcies exceeded 200 for the first time in 10 years since June 2010.
- ■In terms of primary cause, recession-induced bankruptcies numbered 655, (up 19.3% year-on-year), comprising 81.3% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 499 (up 5.5% year-on-year) and comprised 61.9% of the total.
- ■By region, six of nine regions experienced year-on-year increases. Among them, the number of bankruptcies in Kinki (254 bankruptcies, up 50.3% year-on-year) marked a year-on-year increase in all industries for the first time in 6 years and 9 months since September 2013. The number of bankruptcies in Kyushu (64 bankruptcies, up 18.5% year-on-year) increased in places such as Fukuoka and Kumamoto.
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